Major indices are lower after House Speaker McCarthy told House Republicans he and Biden were not close to a deal on the debt limit.
Portfolio Pulse from Bill Haddad
Major indices are lower after House Speaker McCarthy informed House Republicans that he and Biden were not close to reaching a deal on the debt limit.
May 23, 2023 | 5:43 pm
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NEGATIVE IMPACT
DIA is lower due to the lack of progress on the debt limit deal between House Speaker McCarthy and President Biden.
The lack of progress on the debt limit deal creates uncertainty in the market, which negatively impacts major indices like DIA.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
QQQ is lower as the debt limit deal between House Speaker McCarthy and President Biden remains unresolved.
The ongoing uncertainty surrounding the debt limit deal affects the market sentiment, causing a negative impact on major indices like QQQ.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
SPY is lower due to the ongoing stalemate on the debt limit deal between House Speaker McCarthy and President Biden.
The unresolved debt limit deal creates market uncertainty, leading to a negative impact on major indices such as SPY.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100